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0.00158227848101262 0.00237341772151894 0.00098101265822781 0.00053006329113927 0.00158227848101262 0.00226265822784817 0.00237341772151894 0.000395569620253226
Stock impact report

This 18.9% Dividend Was Completely Pointless [Forbes]

Brookfield Real Assets Income Fund Inc. (RA) 
Company Research Source: Forbes
Plus, its price was rallying! Brookfield Real Assets Income Fund (RA) checked all the boxes. Unfortunately, it failed the all-important “cash-flow smell test.” RA's NAV was declining . Not a good sign given the nebulous nature of its holdings. The “realness” of RA ends with its name. More than half the portfolio is securitized real estate credit. And actual infrastructure ? The “real assets” headline buyers think they are investing in? Just 30%! Even in 2018, shortly after the fund launched, it was apparent to us second-level thinkers that RA's dividend was a mirage. The payout would eventually be cut. We were out. In the November 2018 issue of Contrarian Income Report , we called RA out as a pretender and sold our shares: “The fund's generous distribution (10%+) and equally generous discount (6% to 9%) gave us a margin of safety while we awarded their promising management team time to dial in their strategy. But to be blunt, they haven't. Their average coupon today p Show less Read more
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